Tag Archive for my estate

Naming Life Insurance Beneficiaries

Headline of Life Insurance for background

Chances are that you no longer remember whom you’ve named as the beneficiary of your life insurance policy. You should find out. Why? The beneficiaries that you listed with your life insurance company trump any beneficiary designations that you may have made via your Minnesota Will.

It’s also important that your loved ones know that you have a life insurance policy and where to find it.  Otherwise, the life insurance money may go unclaimed! » Read more..

Don’t Let Titling and Beneficiary Designation Mistakes Spoil Your Estate Plan

Your best-laid plans for the distribution of your wealth at your death may go badly awry if you stumble with the titling of your assets and/or designation of beneficiaries.

For various types of assets, your beneficiary designations trump any language in your will or trust. Meanwhile, your trust is worthless if there is nothing in it. To make things even more confusing, assets that are “jointly held with right of survivorship” transfer outside your will and trust to the other joint holders of the asset. » Read more..